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tariff
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Media Mentions
Daily Mail | Energy bills forecasted to rise
Our latest price cap prediction was highlighted in the Daily Mail today. The energy price cap is likely to increase by more than £100 with the new level being around £1,250 per year for the winter 2021 cap. Explaining why we are likely to see such a large rise Craig...
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Media Mentions
reNEWS | Support for green tariffs
Our latest research has revealed that 38% of UK consumers claim to have renewable energy tariffs for their homes. Additionally, just over half (51%) expect to choose these the next time they change tariff. In partnership with Alpha Real Capital, the survey found 26% of respondents are prepared to pay...
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Press Releases
The gap between cheapest energy fixed tariff and price cap narrows
Research from Cornwall Insight’s ‘Domestic supplier insight service reveals the gap between the cheapest tariff on the market and the default tariff price cap has reduced to its lowest level since February 2019, standing at £219/year. This is 40% less than at the end of April 2020 when it was...
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Press Releases
Uptake of Time of Use tariffs still low, but set to increase
Research from Cornwall Insight's 'Connected homes insight service' has found both suppliers and consumers have made tentative steps to explore Time of Use (ToU) tariffs. However, adoption of these tariffs is anecdotally low at the moment, and ambitious innovation and uptake has been held back by slow industry processes and...
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Press Releases
Cornwall Insight comments on Ofgem’s price cap announcement
Commenting on Ofgem’s announcement of the default price cap falling by 7% to £1,042 per year for the six months effective from 1 October 2020, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “This is a dramatic reduction and sees the price cap fall to its lowest level...
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Press Releases
23% of the cheapest suppliers have exited the market since 2017
Latest research from Cornwall Insight’s Domestic Tariff Report highlights that since 2017, just under a quarter (23%) of suppliers with the cheapest tariff have left the market either through Ofgem’s Supplier of Last Resort (SoLR) process or by being acquired by another supplier. Between the years 2015 to 2017 on...
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Press Releases
Energy suppliers adopt winter weighting to reduce debit balances
Over the last few years, Cornwall Insight has recorded an increase in the number of suppliers implementing a winter weighting to their direct debit payments. This is when they charge customers more for energy over the winter months and less in the summer months to help suppliers manage their cashflow....
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Press Releases
Higher energy bills likely due to the Saudi oil attacks
Confirmation from the Saudi Arabian energy minister that drone strikes had reduced the country’s oil output by around half is set to resonate across the energy markets, raising the prospect of higher energy bills for customers. Early trading today has seen the price of oil increase from $60.22/bl to $71.95/bl...
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Press Releases
Energy tariff differences across Scotland
The latest tariff data from Cornwall Insight – Pixie Energy’s parent company – reveals a considerable variation between energy tariffs in northern Scotland compared to that of southern Scotland. The graph below shows the cheapest available deals for three tariff types – fixed, standard variable (SV) and prepayment (PPM) –...
